Solana: Two Reasons SOL Could Skyrocket as June Arrives
The cryptocurrency market struggled mightily as May came to a close. Subsequently, many traders have expressed some worry that it could be the beginning of a new trend that sees the asset class take a step back. However, that may not end up being the case, as Solana (SOL) has two key reasons the crypto could skyrocket as June arrives.
Entering the year, the asset was among the most promising in the cryptocurrency sector. However, five months into 2025, that potential has yet to pay off in any notable way. Yet, there are two facets that could change that as the summer kicks off.
Also Read: Standard Chartered Predicts Solana to Target $500: Here’s When
Solana Ends Week at $161: Here’s Why That Could Change in June
It has been a troublesome few weeks for Solana. The cryptocurrency market has seen a drop in value across the board, with a sell-off emerging as the dominant trend. That has impacted SOL as it ended the week down 10.9% over the last even days, accordign to CoinMarketCap.
However, there is reason to be optimistic about the coming month. Indeed, there is a reason that many investors had eyed SOL as one of the biggest potential cryptocurrencies when the year began. Specifically, there are two reasons why Solana may be set to skyrocket in June.
Also Read: Coinbase Launches 24/7 XRP & Solana Futures Trading June 13
The first reason is connected to the ongoing quest for a spot Solana ETF. The investment vehicle has six filings from firms like Fidelity and VanEck. Although they face delays, a recent report notes that the game-changing product has an 82% approval rating via Polymarket.
Secondly, SOL has been the beneficiary of increased institutional funding. SOL Strategies has sought to raise $1 billion for the purpose of buying more Solana. The decision echoes similar ones made for Bitcoin, becoming one of the key reasons why the leading cryptocurrency surged to a $111,000 price this year.
These two things should coincide to be a game-changing moment for Solana. If they do come to fruition, it should certainly begin to inch toward the $180 mark. Moreover, there should be little standing in its way from hitting the $200 threshold this year.
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Solana Reverses Gains After Failed Rally Sparks Heavy Selling
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Solana: Two Reasons SOL Could Skyrocket as June Arrives
The cryptocurrency market struggled mightily as May came to a close. Subsequently, many traders have expressed some worry that it could be the beginning of a new trend that sees the asset class take a step back. However, that may not end up being the case, as Solana (SOL) has two key reasons the crypto could skyrocket as June arrives.
Entering the year, the asset was among the most promising in the cryptocurrency sector. However, five months into 2025, that potential has yet to pay off in any notable way. Yet, there are two facets that could change that as the summer kicks off.
Also Read: Standard Chartered Predicts Solana to Target $500: Here’s When
Solana Ends Week at $161: Here’s Why That Could Change in June
It has been a troublesome few weeks for Solana. The cryptocurrency market has seen a drop in value across the board, with a sell-off emerging as the dominant trend. That has impacted SOL as it ended the week down 10.9% over the last even days, accordign to CoinMarketCap.
However, there is reason to be optimistic about the coming month. Indeed, there is a reason that many investors had eyed SOL as one of the biggest potential cryptocurrencies when the year began. Specifically, there are two reasons why Solana may be set to skyrocket in June.
Also Read: Coinbase Launches 24/7 XRP & Solana Futures Trading June 13
The first reason is connected to the ongoing quest for a spot Solana ETF. The investment vehicle has six filings from firms like Fidelity and VanEck. Although they face delays, a recent report notes that the game-changing product has an 82% approval rating via Polymarket.
Secondly, SOL has been the beneficiary of increased institutional funding. SOL Strategies has sought to raise $1 billion for the purpose of buying more Solana. The decision echoes similar ones made for Bitcoin, becoming one of the key reasons why the leading cryptocurrency surged to a $111,000 price this year.
These two things should coincide to be a game-changing moment for Solana. If they do come to fruition, it should certainly begin to inch toward the $180 mark. Moreover, there should be little standing in its way from hitting the $200 threshold this year.
Читать больше
Solana Reverses Gains After Failed Rally Sparks Heavy Selling